Marketplace PM for February 7, 2006
General Motors announced today it's cutting its yearly dividend in half and reducing the salaries of its chairman and senior leadership team. Cheryl Glaser speaks to the New York Times' Micheline Maynard about the pressure the company is under.
While GM struggles, Toyota is seeing strong sales. From the Innovations Desk at North Carolina Public Radio, Janet Babin reports.
Posted In: Economy
Treasury Secretary John Snow is on Capitol Hill today rallying support for the President's budget. In addition to the controversy over some of the President's budget decisions, some of the revenue assumptions built into the budget may be on shaky ground too. Hillary Wicai has more.
Howard Stern's moved to satellite radio, but he's not done dealing with the FCC. This time, though, he's asking for the agency's help. Cheryl Glaser speaks to LA Times reporter Dawn Chimelieswki about the story.
In South Africa, the government's economic empowerment policies are starting to show results. More young blacks are going to college, earning business and marketing degrees, and capitalizing on the drive toward "Black Economic Empowerment." So where does this up and coming black middle class go to spend its hard-earned cash? The hot spot in Cape Town is a butcher shop -- on the outskirts of the city. Youth Radio's Unathi Kondile reports.